📝 Ramp valued at $13B

Author

Liam Gill
March 04, 2025

News of the Day

Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, marking a major leap from its $7.65 billion valuation last April. New and existing investors, including Stripes, GIC, and Thrive Capital, bought shares from employees and early investors as the company continues its rapid growth. CEO Eric Glyman said Ramp now serves over 30,000 customers and has seen payment volume surge to $55 billion, up from $10 billion in early 2023, while keeping burn rates low. The fintech firm, which has expanded beyond corporate cards into bill pay, travel, and treasury services, is eyeing an IPO in the long term as it competes with Brex, Mercury, and others in the space.

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